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Citi plans contingent absolute return market-linked notes on S&P 500
By Susanna Moon
Chicago, Oct. 4 – Citigroup Global Markets Holdings Inc. plans to price 0% contingent absolute return market-linked notes due April 9, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes within its knock-out levels, the payout at maturity will be par plus any gain or the absolute value of the return.
If the index rises above the upside knock-out level or falls below its downside knock-out level, the payout will be par.
The upside knock-out level is expected to be 109.3% of the initial index level and the downside knock-out level is expected to be 75%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
The notes will price on Oct. 5.
The Cusip number is 17326YPF7.
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